PBF Financials Pbf Energy Inc.

14 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 28 h ago Overview →

Growth & profitability

Revenue has grown 14.2% per year over the past 5 years.
Operating margin has expanded, at -0.2% in the latest year.

Financial health

Total debt ($2.1B) exceeds cash ($528M); net debt is $1.6B.
Total debt has grown slower than revenue (-14.3% vs 14.2% per year).
Operating income covered interest expense -0.3× in the latest year, up from -5.5× 5 years ago.
Total debt is 6.8× EBITDA.
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$29.3B	-$159M	-1.9%	-0.2%	-$783M	$2.1B	$528M
2024	$33.1B	-$534M	-1.1%	-2.1%	-$348M	$1.5B	$536M
2023	$38.3B	$2.1B	6.3%	7.7%	$679M	$1.2B	$1.8B
2022	$46.8B	$2.9B	10.0%	8.9%	$4.1B	$1.4B	$2.2B
2021	$27.3B	$231M	3.3%	2.2%	$228M	$4.3B	$1.3B
2020	$15.1B	-$1.4B	-10.8%	-9.4%	-$828M	$4.7B	$1.6B
2019	$24.5B	$319M	3.7%	2.6%	$529M	$2.1B	$815M
2018	$27.2B	$128M	2.2%	1.3%	$521M	$1.9B	$597M
2017	$21.8B	$416M	4.4%	3.4%	$379M	$2.2B	$573M
2016	—	$171M	—	—	$353M	$2.1B	$746M
2015	—	$146M	—	—	$206M	$1.9B	$944M
2014	—	-$38M	—	—	-$20M	$1.3B	$398M
2013	—	$40M	—	—	-$27M	$736M	$77M
2012	—	$2M	—	—	$637M	$710M	$286M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$7.9B	$198M	3.5%	3.8%	-$673M	$2.8B	$542M
Dec '25	$7.1B	$78M	-1.8%	1.8%	$77M	$2.1B	$528M
Sep '25	$7.7B	$170M	0.5%	3.7%	-$123M	$2.4B	$482M
Jun '25	$7.5B	-$5M	-0.8%	0.6%	$35M	$2.4B	$591M
Mar '25	$7.1B	-$402M	-5.9%	-7.2%	-$772M	$2.2B	$469M
Dec '24	$7.4B	-$289M	-4.2%	-5.2%	-$426M	$1.5B	$536M
Sep '24	$8.4B	-$286M	-3.4%	-4.6%	-$170M	$1.3B	$977M
Jun '24	$8.7B	-$65M	0.1%	-0.9%	$372M	$1.3B	$1.4B
Mar '24	$8.6B	$107M	2.5%	1.7%	-$124M	$1.2B	$1.4B
Dec '23	$9.1B	-$48M	0.9%	-0.5%	$224M	$1.2B	$1.8B
Sep '23	$10.7B	$786M	11.4%	10.0%	$396M	$1.2B	$1.9B
Jun '23	$9.2B	$1.0B	5.6%	15.2%	-$139M	$1.4B	$1.5B
Mar '23	$9.3B	$382M	6.2%	5.7%	$198M	$1.4B	$1.6B
Dec '22	$10.8B	$638M	8.9%	8.8%	$881M	$1.4B	$2.2B
Sep '22	$12.8B	$1.1B	12.3%	11.0%	$1.2B	$1.4B	$1.9B
Jun '22	$14.1B	$1.2B	13.8%	12.1%	$1.8B	$2.0B	$2.2B
Mar '22	$9.1B	-$21M	2.2%	1.0%	$194M	$4.2B	$1.4B
Dec '21	$8.2B	$165M	4.6%	3.5%	$45M	$4.3B	$1.3B
Sep '21	$7.2B	$59M	2.3%	1.4%	$204M	$4.3B	$1.5B
Jun '21	$6.9B	$48M	2.9%	2.1%	$31M	$4.6B	$1.5B

Valuation over time

How the market has priced PBF against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 1.8× (Mar '23) to 1.7× (Nov '24).
The price-to-sales ratio has risen from 0.1× (Mar '23) to 0.2× (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is PBF growing its revenue and profit?

Over the past 5 years, Pbf Energy Inc.'s revenue has grown 14.2% per year. These are computed facts, not advice.

How much debt does PBF have?

As of FY2025, Pbf Energy Inc. reported $2.1B of total debt against $528M of cash; operating income covered interest expense -0.3×.

What is PBF's profit margin?

In FY2025, gross margin was -1.9%, operating margin -0.2%, and net margin -0.5%.

What is PBF's P/E ratio?

As of Jun '26, Pbf Energy Inc. traded at a price-to-earnings ratio of about 1.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.